Showing 1 - 10 of 607
macroeconomic growth in Lithuania. The IMF report discusses the requirement of fiscal consolidation to fully rebuild fiscal space …
Persistent link: https://www.econbiz.de/10011245185
The paper examines the evolution of the institutional setup of Lithuania''s Currency Board Arrangement (CBA) and …
Persistent link: https://www.econbiz.de/10014399646
convergence; meeting all of the Maastricht criteria, save for inflation. Estonia’s banking system remains financially sound …
Persistent link: https://www.econbiz.de/10005252951
This study examines the challenges and issues facing policymakers in highly dollarized economies. Focusing on Cambodia, which achieved almost complete dollarization during 1991-95, the authors review recent developments in the literature on dollarization and examine the costs and benefits of...
Persistent link: https://www.econbiz.de/10005590965
reducing inflation from three-digit annual rates in the 1990s to single-digit territory in 2004. The paper also discusses the …
Persistent link: https://www.econbiz.de/10005605076
This paper highlights that central banks from Brazil, Chile, Colombia, Mexico, and Peru (the LA5 countries) reaped the benefits of what they sowed in successfully weathering the global crisis. The adoption of far-reaching institutional, policy, and operational reforms during the last two decades...
Persistent link: https://www.econbiz.de/10008777018
rapid productivity growth have produced strong wage increases and large employment gains. Inflation, while moderate for a …
Persistent link: https://www.econbiz.de/10011242607
This Selected Issues paper focuses on sustainability of public finances and low inflation in Lithuania. Lithuania aims … to adopt the euro in 2015. Over the medium term, inflation in Lithuania will likely run somewhat higher than in the euro … area on average, but this will be driven by continuing income convergence. The long-term inflation track record is …
Persistent link: https://www.econbiz.de/10011244839
Albania enjoyed strong growth with comparatively benign external vulnerabilities before the crisis. Monetary policy provided timely support, and the exchange rate functioned as a shock absorber. However, policy buffers are now exhausted and must be rebuilt. Fiscal tightening has to be quickly...
Persistent link: https://www.econbiz.de/10011244179
This Joint Staff Advisory Note focuses on the Poverty Reduction Strategy Paper (PRSP) for Djibouti. Djibouti’s National Initiative for Social Development (“Initiative Nationale pour le Développement Social‖INDS) provides a comprehensive vision for economic growth and poverty...
Persistent link: https://www.econbiz.de/10011244186